When consumer spending and consumption decrease, consumer confidence tends to
A. fall.
B. rise.
C. remain the same.
D. be unpredictable.
A. fall.
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How is a firm's labor demand curve affected when the price of its product rises?
What will be an ideal response?
Rich people who have more money than they know how to spend
A) no longer act under scarcity. B) no longer need to economize. C) no longer have to choose to advance one project over another. D) will still face a scarcity of their time.
Which of the following government aid programs exists to provide medical insurance to certain low-income people, including those living below the poverty line?
a. Medicare b. Social Security c. Medicaid d. Supplemental Security Income
If expectations of inflation are greater than actual inflation, the short-run Phillips curve will eventually shift upward.
Answer the following statement true (T) or false (F)